New Homes Data Has Markets' Ears

11/28/2012 10:10AM

Dow Jones Newswires John Shipman joins the News Hub to discuss how the latest news on the fiscal cliff and the financial crisis in Europe are affecting the markets, plus the latest news on the housing market and an update on SAC Capital. Photo: Bloomberg.

This transcript has been automatically generated and may not be 100% accurate.

... the the ... when ... we got some breaking news on the states the state a ton of ... Assisi capital plans to technical school ... this morning to allay ... the concerns of an insider trading cases breaking news that just out of the bust is on expected to get a chance to ask questions ... from a straw to allay concerns of this insider trading down case that has ensnared a former portfolio manager with hedge fund to ... Juliet Chung broke the story told of its total home now well ... before you go look at the outset the markets we ... don't use the back to back misery weekend weather wise so here's the deal this morning it looks like it's a it's a will that of passes prolonged decline the ... use that right rates yesterday we soul on the market selloff would that they haven't read Meets comments about little progress being made in the fiscal negotiations ... and often don't believe the wall that so the market was not pleased with with that situation and so that's carried a carry over to Asia last-minute color trading in Europe ... on Europe ... of its top markets are currently a little bit lower and that's the picture that we have free market here in us ... and so expect markets to be twitchy there to be looking to ... headlines are watching an interview with ... the red today direct and I'm in a new ... set up yet its new home sales data ten o'clock flight of ... the sun the reaction to the positive data that we saw yesterday which was really no reaction in ... the market didn't ... it was enthused by the positive Beattie yesterday I think we're going see ... in in consequential reaction ... regardless of what the new home sales come out to be a tenant ... will have back then the only company markets up from ... the Fed's Beige Book ... Pia ago were exciting patient ... and that that is actually very interesting is that right that's not what ... we believe it that thank you very much John